Draft norms for viability gap funding of core projects

  • 25/12/2003

  • Financial Express (New Delhi)

The government announced draft guidelines for viability gap funding for public-private partnerships in core sector, for which a budgetary provision of Rs 1,500 crore has been made for 2004-05. As per the draft guidelines, the government would extend viability gap funding up to 20 per cent of the project cost in areas including roads, railways, seaports, airports, power, water supply, sewerage and solid waste, an official statement said.